Could your research create commercial impact as a spin-out company?
Do you want to be part of the next university spin-out success story? If you think the outcome of your research could lead to a commercial opportunity our pre-incorporation funding can help you make that a reality.
Funding is available in two forms – feasibility awards and proof of concept awards.
We’ve already funded 45 opportunities, investing over £1.7m to progress the commercial potential of promising research.
Read the FAQs below and contact your technology transfer representative today to begin your application. Applications must be recieved by 31 March 2020 and all project activity must be able to complete by 31 March 2021.
Frequently asked questions
Please see the relevant application guidance on how to apply.
Please note that applications will only be accepted when they’re submitted by your technology transfer representative. This ensures the development of applications has been supported by your technology transfer contact and they have reviewed the final submission.
Once you’ve read the application guidance you can download an application form here.
Costs should be developed with the support of your technology transfer team. The precise process is likely to vary at different partner universities but may involve your pre-awards team and the use of a standard system e.g. pFACT. Your technology transfer contact will be able to advise. You should note the guidance on overheads/Full Economic Costing in preparing your costs for submission.
Northern Accelerator funding comes from Research England’s Connecting Capability Fund and this is fairly flexible in terms of allowable costs. The overriding principle is that the funding should be used for the purpose it is awarded i.e. to advance the commercialisation of university research.
You should make sure that it is clear in your application how the costs submitted relate to the commercialisation objective. The Guidance for Applicants provides a little more detail and your technology transfer contact should be able to advise.
A decision letter will be issued by the project team. This will be sent to you, your technology transfer contact, and your university Northern Accelerator lead. In the event that an award is being made the letter will also be copied to relevant contacts in your research office and department.
Please see the application guidance for information on timescales.
It may be necessary for the project team to receive a formal acceptance of the offer of award. This will be made clear in the letter you receive. Northern Accelerator funding will be made available in line with your university’s standard processes. Likewise any procurement or recruitment that arises from this funding award should follow your university’s standard processes.
Funding must only be used for the purposes outlined in your application (which will be replicated in the award letter). The transfer of funding will be against invoices raised following actual spend within the terms of the award (again via your university’s standard processes) and approved by the project team.
You should discuss your alternative options with your technology transfer contact.
The application panel is particularly looking for projects that have potential to spin-out as new companies and those applications will be given priority. Large licensing opportunities will still be considered.
Northern Accelerator’s current funding from Research England’s Connecting Capabilities Fund ends on 31 March 2021. All project activity must therefore have completed by this date and anything after that cannot be funded by the project.
Please be realistic about whether you can recruit the staff you need and deliver the activity in the given time period.